NERENHAUSEN MARK 4
4 · BLUEGREEN CORP · Filed Apr 4, 2013
Insider Transaction Report
Form 4
NERENHAUSEN MARK
Director
Transactions
- Disposition to Issuer
Common Stock
2013-04-02$10.00/sh−28,877$288,770→ 0 total - Gift
Common Stock
2013-04-02−3,507→ 28,877 total - Disposition to Issuer
Stock Option (right to buy)
2013-04-02−5,000→ 0 totalExercise: $5.89From: 2003-10-15Exp: 2013-10-15→ Common Stock (5,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to merger agreement between the issuer, BFC Financial Corporation, Woodbridge Holdings, LLC and BXG Florida Corporation in exchange for a cash payment of $10 per share.
- [F2]This option was canceled in the merger in exchange for an aggregate cash payment of $20,550, representing the difference between the $10 per share merger consideration and the exercise price of the option, multiplied by the number of shares subject to the option.